Employee Stock Ownership Plans with 401(k) Provisions

Employee Stock Ownership Plans with 401(k) Provisions, or KSOPs, have all the benefits of an ESOP along with the benefits of a 401(k) plan.

Employer contributions to Employee Stock Ownership Plans with 401(k) Provisions may be made with employer stock or in cash, as determined by the Board of Directors. KSOPs benefit companies by reducing expenses that would arise by separately operating an ESOP and 401(k) retirement plans.  While also allowing employees to purchase company stock on a pre-tax basis.  This allows them to accumulate significantly larger account balances than other methods.

Benefit Resources, Inc. can help you design a tailor-made KSOP program to maximize retirement benefits.